A juvenile diabetes organization in New York City, according to the New York Times, had hundreds of thousands of dollars stolen by the exec and a manager over the last five years.

An internal audit discoverd that receipts had been manufactured to pull off the heist. And get this, a board officer says: "we don't need better systems, we found the problem".

I don't think so. I think if it took 5 years, better systems are indeed necessary. And where's the nonprofit's external auditors anyway? At least the board has acted immediately to dismiss two of the top managers -- whether they did it or not, who's to trust them.